Inflation in Italy, calculated according to national standards, accelerated to 1.7% in annual terms in February from 1.5% a month earlier, according to preliminary data from the Italian statistics agency Istat. The data coincided with the expectations of analysts polled by Trading Economics and pointed to the record pace of consumer price growth since September 2023.
Inflation, calculated according to European Union standards, was 1.7%, the same as in January, while experts had expected an acceleration to 1.8%.
According to the previous report, energy prices jumped by 31.5% this month after rising by 27.5% in January. Transportation services went up by 1.9% after rising by 2.5% a month earlier, and communication services by 0.5% after rising by 1.1%. Overall, services went up by 2.4% (2.6% in January). Food prices increased by 2.2% after rising by 1.7%.
Core inflation, excluding energy and food, remained at 1.8% in February.
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